Parents and guardians in Nova Scotia are being reminded of a new tax credit that can help with the costs of their children’s sports and arts programs. The Children’s Sports and Arts Tax Credit is a refundable credit of $500 per child, designed to offset eligible expenses such as membership fees, uniforms, and equipment.
According to Finance and Treasury Board Minister Allan MacMaster, the credit recognizes the benefits of sports and arts programs in helping children express themselves, build new skills, and discover who they are. “We want to help families cover some of the costs associated with these activities and encourage more participation in these educational and community-building opportunities,” MacMaster said.
The Children’s Sports and Arts Tax Credit was introduced in the 2022-23 Nova Scotia provincial budget and is estimated to cost $4.7 million annually. Parents and guardians in Nova Scotia can claim this credit when filing their personal income taxes. The credit is administered by the Canada Revenue Agency.
